Ascott Residence Trust (Ascott Reit) was established with the objective of investing primarily in real estate and real estate-related assets which are income-producing and which are used or predominantly used, as serviced residences, rental housing properties and other hospitality assets in any country in the world.
Ascott Reit’s asset size has increased sixfold to S$5.7 billion since it was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in March 2006. As at 30 September 2019, Ascott Reit’s international portfolio comprises 74 properties with >11,700 units in 37 cities across 14 countries in Asia Pacific, Europe and the United States of America.
Ascott Reit’s serviced residences are mostly operated under the Ascott, Citadines and Somerset brands. They are mainly located in key gateway cities such as Barcelona, Berlin, Brussels, Frankfurt, Guangzhou, Hanoi, Ho Chi Minh City, Jakarta, Kuala Lumpur, London, Manila, Melbourne, Munich, New York, Paris, Perth, Shanghai, Singapore and Tokyo.
Ascott Reit is managed by Ascott Residence Trust Management Limited, a wholly owned subsidiary of CapitaLand Limited, one of Asia’s largest real estate companies.